Corn futures at the Chicago Board of Trade were up early on Wednesday with firm cash corn markets and slow farmer selling supportive, along with a rumour China may have bought a cargo of US corn, traders said.
At 10:24 am CDT (1524 GMT), CBOT corn was up 3/4 to 2-3/4 cents per bushel, with July up 2-1/2 at $2.27-3/4 per bushel. New-crop December was up 2-1/2 at $2.53-3/4 per bushel.
Midwest weather was mostly conducive to corn pollination, a bearish price factor. However, crop weather was less than ideal with some outlooks for hotter and drier weather next week providing some fodder for corn bull.
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